Lennox International Inc. (NYSE:LII) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC trimmed its holdings in Lennox International Inc. (NYSE:LII) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 11,396 shares of the construction company’s stock after selling 153 shares during the period. Lord Abbett & CO. LLC’s holdings in Lennox International were worth $6,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LII. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International in the third quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of Lennox International in the 2nd quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in shares of Lennox International in the 3rd quarter valued at about $39,000. Huntington National Bank lifted its position in shares of Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the transaction, the executive vice president now directly owns 4,668 shares in the company, valued at approximately $2,898,734.64. The trade was a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock valued at $1,353,233 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

Lennox International Price Performance

NYSE LII opened at $668.03 on Tuesday. The company has a 50-day moving average price of $628.79 and a two-hundred day moving average price of $585.00. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. Lennox International Inc. has a 52 week low of $412.09 and a 52 week high of $682.50.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $5.37 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Analysts forecast that Lennox International Inc. will post 21.1 EPS for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, December 31st. Lennox International’s dividend payout ratio is currently 21.84%.

Wall Street Analyst Weigh In

LII has been the topic of several research reports. Royal Bank of Canada upped their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Robert W. Baird upped their price target on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Barclays increased their target price on shares of Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Mizuho lifted their price target on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $579.38.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.